București Real Estate

Europa Capital checks into prime Warsaw hotel

Europa Capital (“Europa”) and WX Management Services (“WXMS”) announces that it has completed the acquisition of the Radisson Blu Centrum Hotel (“Radisson”) in central Warsaw.

The Radisson is a 311 room, four-star hotel with conference facilities, restaurants and leisure facilities including a gym, swimming pool and spa and is located in the heart of Warsaw’s CBD.

WXMS advised Europa in the process, co-invested in the transaction and will provide ongoing Asset Management Services for the Project.

Robert Martin, Co-Founding Principal and Head of Central Europe at Europa commented: “The Warsaw hotel market is currently experiencing a period of demand supply imbalance. This is a fantastically well-located asset in Central Warsaw with a very strong performance track record. We have experience in this sector with our successful refurbishment of the Sobieski Hotel and are teaming up with the same partner in WX Management Services to undertake a comprehensive refurbishment and to drive performance. We will be working in close co-operation with Radisson, who will continue to operate the hotel”.

James Farmer, Director of Acquisitions, Central Europe commented: “This investment not only offers Europa stable, income led returns, but also the opportunity to significantly improve performance of the investment through refurbishment and operational efficiency in what is generally a growing hotel environment. The asset has been secured at an attractive price when compared to current pricing levels in other sectors in this market. Furthermore, this acquisition builds on Europa’s excellent track record of securing truly ‘off market’ investments that are ‘under the radar’ of our competitors”.

Europa Capital

Europa Capital is an established real estate fund management group operating across Europe adding value through risk-based acquisition strategies and active asset management on behalf of its investors. Since 1995, Europa Capital has collectively raised 9 real estate funds and committed to over 105 transactions totalling some €9.5 billion across 19 European countries. The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years. Europa Capital is a member of The Rockefeller Group International (“RGI”). RGI is a strategic investor alongside Management. Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.

WX Management Services

WX Management Services is a boutique (real estate) advisory and services company providing comprehensive real-real estate management services for investors.

Related posts

Programul „Noua Casă” va fi operațional din 15 august. „Dacă un român câştigă mai mult, de ce să nu-i dăm posibilitatea să aplice?”

Papuc Irina

Începe primul târg imobiliar al anului, fonduri Prima Casă disponibile : INVESTIȚII DE PESTE 100 MILIOANE EUR ÎN NOI PROIECTE CU PESTE 6.000 DE UNITĂȚI REZIDENȚIALE, PREZENTE ÎN PREMIERĂ LA SALONUL IMOBILIAR BUCUREȘTI

Stefana Muresan

ASA CONS din Tur­da, afaceri în creștere cu 10%

Stefana Muresan

CTP: peste 150 milioane de euro investitie in CTPark Bucharest West

Ionut Oprea

HARTMANN se alătură proiectului myhive IRIDE | nineteen al IMMOFINANZ

Papuc Irina

Laurențiu Lazăr, noul Managing Partner al Colliers International Romania

Ionut Oprea

Programul „Alege Oaia!” cooptează Cooperativa Țara Mea

Stefana Muresan

5GAA Releases New 2030 Roadmap for Advanced Driving Use Cases, Connectivity Technologies and Radio Spectrum Needs

Ionut Oprea

Griffin Premium RE.. attracts Globalworth as a new strategic investor and buys three office properties

Ionut Oprea

Globalworth îl numește pe Marian V. Popa Director General pentru România

Ion Surdu

CBRE: raport Q1, cum au evoluat tranzacțiile și ce efecte ar putea avea pandemia

Papuc Irina

VGP must constantly be ready to respond to new investment opportunities

Ionut Oprea

IT-giant Oracle extended lease contract until 2024

Ionut Oprea

The Power of Influence at Palace of the Parliament

Ionut Oprea

Lansare: Dynamic Business Connections

Ionut Oprea

„Tranzacțiile M&A, o perspectivă juridică și fiscală”

Papuc Irina

Romania at ExpoReal 2017

Ionut Oprea

Bucharest – skyline transformation 2025: Romania and Bucharest in the top relocation options for global companies

Ionut Oprea

Constructorii clujeni de la ACI, investiție de 12 mil. euro într-un ansamblu rezidenţial cu 170 de apartamente

Stefana Muresan

Delta Studio – Noile tendințe în amenajări de baie, la Târgul ISH Frankfurt 2017

Stefana Muresan

Jumbo se alatura West Park Retail

Stefana Muresan

ELECTRICA SA, membru al ARIR

Ligia Voro

CBRE a realizat primul studiu dedicat mediului de lucru, pe piața spațiilor de birouri din București

redactia

Piața de capital din România, creștere de 4,63% în aprilie

Ligia Voro

Leave a Comment